Image source: The Motley Fool. Wednesday, Feb. 5, 2025 at 9 a.m. ET Call participants Chairman, President, and Chief Executive Officer — Jochen Zeitz Chief Executive Officer, LiveWire — Karim Donnez Chief Financial Officer — Jonathan Root Takeaways Consolidated revenue -- $5.2 billion, declining 11% from the prior year, with HDMC revenue down 15%, HDFS revenue up 9%, and LiveWire revenue down 31%....
Image source: The Motley Fool. Wednesday, Feb. 5, 2025 at 9 a.m. ET Call participants Chairman, President, and Chief Executive Officer — Jochen Zeitz Chief Executive Officer, LiveWire — Karim Donnez Chief Financial Officer — Jonathan Root Takeaways Consolidated revenue -- $5.2 billion, declining 11% from the prior year, with HDMC revenue down 15%, HDFS revenue up 9%, and LiveWire revenue down 31%. -- $5.2 billion, declining 11% from the prior year, with HDMC revenue down 15%, HDFS revenue up 9%, and LiveWire revenue down 31%. Consolidated operating income -- $417 million, representing a 47% decrease compared to 2023. -- $417 million, representing a 47% decrease compared to 2023. Full-year earnings per share (EPS) -- $3.44, down from $4.87 the prior year. -- $3.44, down from $4.87 the prior year. Harley-Davidson Motor Company (HDMC) operating margin -- 6.7% for the year, a decline from 13.6% in 2023. -- 6.7% for the year, a decline from 13.6% in 2023. HDMC wholesale motorcycle shipments (Q4) -- 14,000 units in Q4, compared to 30,000 units a year earlier, reflecting a 53% decrease. -- 14,000 units in Q4, compared to 30,000 units a year earlier, reflecting a 53% decrease. HDMC gross margin (full-year) -- 28%, versus 32.3% the previous year, a 430 basis point reduction. -- 28%, versus 32.3% the previous year, a 430 basis point reduction. Global retail motorcycle sales -- Down 7% for the year, with North America down 4%, and international down 13%. -- Down 7% for the year, with North America down 4%, and international down 13%. Tactical inventory management -- Dealer inventory decreased by more than 19% sequentially from Q3, and over 4% year over year. -- Dealer inventory decreased by more than 19% sequentially from Q3, and over 4% year over year. Productivity cost savings -- Cumulative productivity savings reached $257 million since program inception, with a further $100 million targeted for 2025. -- Cumulative productivity savings reached $257 million since program inc...